Daily Archives: August 31, 2010

UPDATE: St Louis down to one proposal to replace the President Casino

Casino Watch Focus has reported that the Missouri Gaming Commission is accepting bids to replace the now closed President Casino.  The Chain of Rocks area in North St Louis is one of several potential areas the Gaming Commission is considering to locate the state’s 13th casino.  The St Louis Post Dispatch is reporting that the number of interested companies in North St Louis has been drastically reduced:

In a letter to city officials and the Missouri Gaming Commission, the California-based LLC said it’s withdrawing its proposal to build $284 million casino and commercial complex just north of the Chain of Rocks Bridge in north St. Louis. No reason was given.

That leaves Casino Celebration, a proposal by members of the Koman family, as the only casino proposal on the table in the City of St. Louis. They laid out plans for a $115 million, 120,000 square foot casino on land just south of the Chain of Rocks.

In its letter, Plain Joe endorsed Koman’s plan. The group is still exploring a “mixed-use, destination-type development” (maybe a recreational harbor or water park) on the 70-acre site north of the bridge known as Pier St. Louis. And, they said, a casino down the street might help.

The City has a meeting planned in the upcoming days to determine if they will endorse the Koman bid.  An endorsement would be perceived positively by the Gaming Commission, which might help them accept the bid and keep gambling confined to a market already exposed to and saturated by a gambling culture. 

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